November 08, 2012

Are You Asking, “How Do I Consolidate My Student Loans”? We Have The Simple Answer.

The
student loan debt burden in the United
States has reached a debt equal to the
National debt on credit cards. That number is just under one trillion dollars.
As a credit counselor I speak to people every day who are saddled with student
loan debt amounts of greater than one hundred thousand dollars.

Consider
that your purchasing power and mine has dropped by four thousand dollars in the
last four years, and is it any wonder that consumers once again are defaulting
on not only credit cards but their student loans as well.

Defaulting
on a student loan has far greater negative ramifications than does not paying
on credit cards.

You
cannot file Bankruptcy to eliminate a student loan.

So
what to do, if you have used up your deferments or simply are unable to handle
the monthly payment any longer?

You
need to take action, and not ignore this problem.

Here
Are The Benefits Of Taking Action:

One Payment instead of
multiple payments.
Lower Payment--Income Based Payment Plans Assure An
Affordable Payment.
Get out of Default.
Much Lower Interest Rates.
Existing Defaulted Loans Are Paid Off--Positively
Effecting Credit Scores.
Restores Federal Privileges
Restores Eligibility To Place Loans Back Into
Deferment.

Here Are Some Options You May Qualify For:

STANDARD
REPAYMENT:
This repayment plan saves the client money over time because the monthly
payments may be slightly higher than payments made under other plans, but
client will pay off the student loan in the shortest time

Graduated
Repayment Plan:
If client’s
income is low now, but client expects it to increase steadily over time, this
plan may be right for them

Income Based Repayment (IBR Plan:To
qualify for IBR, the client must have a partial financial hardship. Under this
plan, the monthly payments are based on income and family size.

I(ICR) Plan: This repayment plan is similar to the IBR;
requirements and guidelines are the same,

PUBLIC
SERVICE Forgiveness Program:Under this program, borrowers may qualify for
forgiveness of the remaining balance due on their eligible federal student
loans (Direct Loans) after they have made 120 payments under the IBR, or ICR
plan.

So please, if
you are struggling with your federal student loan debt, you really need to take
action., because taking action is simple, and there is no fee to find out which
student loan debt relief program you qualify for.

Simply visit
us by clickingconsolidate my student loanswhere you can
download a simple application to get the process going at no charge and no
obligation, just like all of our free counseling for credit and debt problems.
After we receive your application a counselor will call you and speak with you.